5959 Dodd St - Manufactured Housing/Mobile Housing FOR SALE


Las Vegas, NV 89122
$2,300,000 USD
619-944-6676
5959 Dodd St, Las Vegas, NV for Sale
$2,300,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/17
null | Request Cap Rate

5959 Dodd St
Las Vegas, NV 89122


HIGHLIGHTS

  • Fill & Rental Rate Upside
  • Additional Income Through Car Lot
  • City Services in a Business-Friendly Market

OVERVIEW

Opportunity to acquire a value-add community with fill and rental rate upside in an infill location within a business-friendly market. The Boulder Highway Mobile Home Park is a 30-site community with a connecting revenue-producing car lot just 20 minutes from the Las Vegas strip with quick access to the Airport. The all-age, cash-flowing property is serviced with city water and sewer, and direct billed electricity and gas. The purchase price is also inclusive of the approx. half-acre car lot which is currently leased on an annual basis and generating stable income of $6,950 monthly (currently approx. 1/3 of total property income) in addition to the mobile home park. The listed price per site is a blended representation of the community and car lot. The community has below-market occupancy, currently at approximately 73%, with rents substantially under market averaging $555, providing a significant opportunity to enhance revenue and unlock value. The community is a short, 15-minute drive from Harry Reid International Airport and in close proximity to multiple services, recreational parks, and schools, including Russell Road Recreation Complex, Whitney Recreation Center, Francis H Courtney Junior High School, and Southeast Career Technical Academy. Las Vegas boasts a prime geographical location offering numerous advantages. Its central position within the United States provides easy access to major West Coast markets and beyond, while also being a short flight from a quarter of the nation's population. Additionally, the city's proximity to major transportation hubs and a diverse, skilled workforce further enhance its desirability as a business and leisure destination. Please do not visit or contact anyone in the community without approval from the listing agents.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$2,791 USD /SF

# OF UNITS

30

PRICE/UNIT

$76,667

CAP RATE

Request Cap Rate

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boulder Highway Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

C-2, Las Vegas

APN/PARCEL ID

161-27-205-003

ASK ABOUT THIS PROPERTY

Norman SangalangCBRE - MHRV AdvisorsMore Info
619-944-6676

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Norman SangalangCBRE - MHRV AdvisorsMore Info
619-944-6676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.